Rama Steel Tubes bags additional orders of Rs14.7 crore from Himachal Pradesh government

1 Sep 2022 , 09:16 AM

Rama Steel Tubes Ltd (RSTL) one of the leading manufacturers of Steel Pipes and Tubes, has secured orders from Jal Shakti Vibhag of Himachal Pradesh of ~Rs14.7 crore in addition to previous orders worth ~Rs33.4 crore aggregating to the tune of Rs48.1 crore.

RSTL felt proud in having a healthy track record of being associated with prestigious projects earlier. Also, the above orders will further strengthen RSTL’s order book and credibility in the market.

Commenting on the announcement, Richi Bansal, Executive Director, Rama Steel Tubes Limited, said, “Our sustained relation and credibility has yet again fructified in bagging us new prestigious orders. The Company has been associated with many State Corporations, even in the past and shares a strong bond with them.

These orders will help us in achieving our targeted revenues at a slightly faster rate than what we had projected.”

On Thursday early morning trade, Rama Steel Tubes was trading at Rs127.40 per share higher by 0.51% on the BSE.

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